Zynga slips; Macquarie disputes merger speculation

DanGallagher

SAN FRANCISCO (MarketWatch) -- Zynga Inc.
ZNGA, -2.99%
saw its shares slip more than 2% to $3.83 on Tuesday morning after Macquarie Capital issued a note casting doubt on buyout speculation that boosted the stock more than 10% in the previous session. In a note to clients, Ben Schachter said the idea that Yahoo
YHOO, +0.60%
might buy Zynga is "unfounded." Wunderlich Securities issued a note on Monday naming several companies that Yahoo might have an interest in buying, including Zynga for its social games. "We believe that Zynga is unlikely to be acquired anytime soon, as we don't believe that Mark Pincus wants to sell at this time," Schachter wrote in his note. "Nor do we believe that Yahoo would have any interest in acquiring a content creator such as Zynga when its strategy is to partner with varied content providers."

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